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The Great Depression and the 1930s

The Great Depression and the 1930s. Stock Market Crash (Oct. 29, 1929)

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Page 1: The Great Depression and the 1930s. Stock Market Crash (Oct. 29, 1929)

The Great Depression and the 1930s

Page 2: The Great Depression and the 1930s. Stock Market Crash (Oct. 29, 1929)

Stock Market Crash (Oct. 29, 1929)

Page 3: The Great Depression and the 1930s. Stock Market Crash (Oct. 29, 1929)

Problems with the Economy

• Stock Market fell 80%

• Industrial output fell to 50%

• Unemployment at 25%

• National income fell more than 50%

• Agricultural income fell more than 50% – And this from an already depressed state

Page 4: The Great Depression and the 1930s. Stock Market Crash (Oct. 29, 1929)

Hoover’s Policies

• Reconstruction Finance Corporation

• Agricultural Marketing Act

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THE NEW DEAL

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1933-1945

Franklin Delano Roosevelt

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3Rs

• Relief, Recovery, Reform

• 1933-35 – Relief/Recovery

• 1935-36 – Recovery/Reform

• Trial-and-error/Pragmatism

• “Priming the Pump”

• Work Fare

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THE DUST BOWL

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The Dust Bowl (1931-1939)

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Dust Bowl Migration

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Okie Migration

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BAKERSFIELD SOUND

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Merle Haggard

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Buck Owens

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Dwight Yoakum